Press release
Pro Audio Market To Reach USD 3.78 Billion With GAGR 9.2% By Year 2028 - Report Research By Introspective Market Research
Pro audio market was valued at USD 2.04 billion in 2021 and is expected to reach USD 3.78 billion by the year 2028, at a CAGR of 9.2% over the forecast period 2022- 2028.
Devices that reproduce, record, and professionally edit or process sound are known as pro audio or professional audio. Pro audio is used to create flawless audio mixes and is very effective. Pro audio refers to specialised and cutting-edge equipment used to produce high-quality, noise-proof music or audio. It is mostly utilized in the entertainment sector for a variety of purposes, including the production of music albums, ads, recordings, and other professional tasks associated with the sector. Increasing use of wearable technology, portable music players, wireless communication devices, and enhanced digitalization will drive the market throughout the forecast period.
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Market Dynamics:
Driver:
The surge in demand for HD and UHD sound quality and the development of Bluetooth device usage are two major factors driving the pro audio market's expansion. The potential expansion of the pro audio market. Pro audio market growth is also anticipated to be accelerated by developments in wireless communication. Additionally, restaurant proprietors use specialised equipment in the food service sector to improve eating occasions in numerous nations. Therefore, the growth of the pro audio market is fueled by the rise of the music business.
Opportunities:
Pro Audio Adoption for Home Studios
As more people adopt pro audio for personal use, the household sector of the economy has a possibility to expand because so many people have a passion for music or desire to spend their free time creating art. Additionally, the increased time spent at home during a pandemic encourages many individuals to restart their hobbies or creative endeavour, which propels the market's growth. For instance, AIAIAI developed their online page #stayhomemakemusic to entice budding musicians to stay at home securely and use this critical time to compose and exchange music.
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Segmentation Analysis of Pro Audio Market
By Product, the speaker segment expected to dominates the market growth of the pro audio over the forecast period. The adoption of pro speakers by commercial as well as residential sectors propels the growth of the market.
By Distribution Channels, the offline segment anticipated to have highest growth in the pro audio market during the forecasted period. Pro audio is an electronic device and most people like to see, hear, and test the quality of products that they are buying.
By Product Type
• Speakers
• Mixers
• Amplifiers
• Wired & Wireless Microphones
• Headphones
• Others
By Distribution Channel
• Online
• Offline
Regional Analysis Of Pro Audio Market
North America is dominating region for the pro audio market during the projected period. The adoption of pro audio is increasing and expected highest growth rate in North America, as compared to the other regions. The main factor that impacted the increasing adoption rate is the presence of various prominent market players. This region includes developed countries such as Canada and the US which consist of major key manufacturers such as SONOS, HEOS, Control, and Bose, which are providing technically advanced and economically affordable solutions. In the United States, 76% of professional users use Sonos and it is one of their three preferred wireless audio brands. Additionally, Bose is a global leader in audio manufacturing.
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
Top Key Players Covered In Pro Audio Market
• Sennheiser(Germany)
• Yamaha (Japan)
• Audio-Tehcnica (Japan)
• Shure (US)
• AKG (Austria)
• Blue (Japan)
• Lewitt Audio (Austria)
• Sony(Japan)
• Takstar (China)
• MIPRO (US)
• Allen&heath (UK)
• TOA (Japan)
• Wisycom (Italy)
• Beyerdynamic (Germany)
Key Industry Development In The Pro Audio Market
In March 2022, Pro Audio Technology launched a new line of five modular amplifiers the MA-4400, MA-4242, MA-9900, MA-9942 and MA-9999 intended for use by integrators to power audio systems.
In May 2021, WORK PRO Audio launched in ISE Barcelona a new range of two-way professional loudspeakers that are aimed at the installation and live sound markets.
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Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Pro Audio Market by Type
5.1 Pro Audio Market Overview Snapshot and Growth Engine
5.2 Pro Audio Market Overview
5.3 Mixers
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Mixers: Grographic Segmentation
5.4 Processors
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Processors: Grographic Segmentation
5.5 Power Amplifiers
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Power Amplifiers: Grographic Segmentation
5.6 Speakers
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Speakers: Grographic Segmentation
5.7 Headphones
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Headphones: Grographic Segmentation
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Grographic Segmentation
Chapter 6: Pro Audio Market by Application
To Be Continue…
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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